Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Argentine Peso/Euro (FOREX:ARSEUR)
Countertrend Down (-85) - ARSEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ARSEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSEUR
The long-term trend has been DOWN since Dec 29th, 2021 at 0.00857902
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.00268524
The short-term trend has been UP since Dec 1st, 2023 at 0.00254978
Smart Scan Analysis for ARSEUR
Based on our trend formula, ARSEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).